Setting a brokerage account to type "Savings"

RockLee
RockLee Member ✭✭✭✭
edited November 12 in Adding and Updating Accounts

I would prefer to track my brokerage account in Simplifi as a savings account. However, when I set the account type to "Savings" Simplifi no longer updates new transactions, anyone else?

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  • Coach Jon
    Coach Jon Moderator admin

    Hello @RockLee,

    Thanks for reaching out! To help clarify your situation, can you let us know what types of transactions are usually downloaded into the account? If they are investment actions, like buys/sells, generally they will not be able to be downloaded into a regular savings account.

    Let us know!

    -Coach Jon

  • RockLee
    RockLee Member ✭✭✭✭

    @Coach Jon

    Yea, the transactions are investment buys/sells, interest, dividends, etc… Strangely, for most of these transactions the "Action" and "Security/Payee" are blank and only "Description/Category" is specified on the Investment transaction, so Action is just blank.

    Simplifi is the only financial aggregator I know of that separates investment transactions from other transactions. I appreciate the approach given that investment actions are different, but in practice I think it's confusing. Also, it doesn't help that Simplifi investment pages are still Beta. Important functionality such as downloading transactions, applying rules, flagging, recurring, etc.. are missing from Investment transactions. I was hoping I could gain full regular transaction functionality by switching the account type to "Savings". I didn't think I could, but I thought I would throw it out there. I would prefer to track "Actions" as categories of dividend/margin/buy/sell/interest etc..

  • Coach Jon
    Coach Jon Moderator admin

    Hello @RockLee,

    Thanks for the information. To help clarify some things you mentioned, what did you mean by "Important functionality such as downloading transactions, applying rules, flagging, recurring, etc.. are missing from Investment transactions." Are you unable to download investment transactions? There are of course some things you cannot do yet, but you should be able to have those transactions downloaded.

    Additionally, you mentioned that you have blank fields for the Action and Security/Payee columns. Can you provide a screenshot showing this?

    Thanks,

    Coach Jon

  • RockLee
    RockLee Member ✭✭✭✭

    Hello @Coach Jon

    Downloading a CSV file with investment transactions is not available. The button is there, but it is greyed out, so I assume this is functionality intended to be implemented at some point. There's a feature request for this.

    I'll add a screen shot of the blank fields when I get new transactions. However, I convert all my transactions to "payment/deposit", for various reasons they are easier to manage this way, hence the desire to mange my Investment account as a Savings account.

  • Coach Jon
    Coach Jon Moderator admin

    Hello @RockLee,

    Thanks for the reply. I am glad you were able to find the idea post for exporting investment transactions. I will post it here as well so other users coming to this thread are aware of it.

    https://community.simplifimoney.com/discussion/5964/ability-to-import-export-investment-transactions-edited

    But you are correct in that the feature is not yet implemented in Quicken Simplifi. Let us know once you can provide those screenshots showing the blank fields.

    Thanks,

    Coach Jon

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